The Democratic Alliance said the budget would struggle to pass in parliament, given the ANC’s lack of a majority
His party would have yielded if any increases were guaranteed to be temporary and tied to an overhaul of state spending patterns
The finance minister suggests that much of the opposition wrangling is part of a broader political battle
The minister conceded that the measure did not have support across the political spectrum
The recent termination of USAid to HIV/Aids and TB organisations in South Africa was a bone of contention in the 2025 budget
Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections
The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
Any VAT increase is probably off the table, leaving the treasury to look for revenue without bringing the coalition to the brink
The finance minister now has to choose from several options presented by a task team to draw up a budget
Analysts say the budget became a cliffhanger because it was written as though the ANC still governed on its own
The government is struggling to generate sufficient revenue development and deal with the country’s debt-to-GDP ratio
The DA has upped the ante in its demands for consultation on every point of government policy, although ANC ministers also opposed a planned VAT increase
The rand depreciated after the postponement of the budget speech to 12 March
The unprecedented step came after cabinet failed to agree on the tax measures Finance Minister Enoch Godongwana proposed
Debt service costs and civil servant wages account for 61% of total government spending, reducing budgets for, say, education, infrastructure and health
South Africa has a R2 trillion budget to fix the economy. It’s a big ask
The pause in load-shedding and government’s collaboration with business signals a positive shift, the delegation says
SCORE: C- Three years into his tenure, Enoch Godongwana continues to navigate his job with a “tough love” approach, mirroring his predecessor, Tito Mboweni, an advocate of austerity. His reappointment following national elections reassured markets, signalling continuity and emphasised his commitment to fiscal discipline. Godongwana set a fiscal deficit target of 3.4% of GDP by […]
A disregard for the rule of law also saw the country lose R14 billion through payment of goods not received
The grant budget is to be cut by R20 billion but it is unclear how the numbers will add up
Instead of scrapping ANC economic policy, DA ministers are now implementing it
The deputy president says decaying water systems and financial strain at municipalities are driving SA’s water shortage
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
The funds have been allocated to the departments of justice and international relations to cover their costs in bringing the case before the International Court of Justice
The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
Instead, Finance Minister Enoch Godongwana promised steps to ease the requirements for public-private partnerships
An amount of R11 billion will be set aside to allow people early exit from public service
Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6% in 2024-25. This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]
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Economists say the government can expect to incur inflationary and exchange rate costs from the move
Godongwana has pursued the austerity measures implemented by his predecessors to reduce debt and Ramokgopa is partly credited with the current relief from load-shedding
Key security cluster ministries are dominated by the president’s allies in the ANC